A Research of The Relationship Between Capital Operational Performance and Capital Adequacy Of Operational Risk for Property-Liability Insurance Industry

• Main Authors: Chung-Chiu Hsu, 徐忠九
• Other Authors: 白滌清
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/78819813364858234749

碩士 === 淡江大學 === 企業管理學系碩士班 === 93 === After The Basel Committee of Bank for International Settlement (BIS) announced the accord Basel II for Banking Circle in June 2004, there were proclaim to adopt the stander and International Rating Based Approach (IRB) in year 2006 or 2007 among the financial circle. Nevertheless, it does not apply to insurance industry and the financial holding companies in Taiwan. John Tine of FSA has addressed that Europe Union (EU) and International Association of Insurance Supervisors (IAIS) -- both of the Basel committee and the IAIS are the committees under the Bank for International Settlement (BIS), while the Basel committee focus on Banking and IAIS on Insurance-- are researching the management of risk for insurance companies. He already talked about the issue many times in his speeches during 2002 to 2003. Then there were many reports publish in Oct. 2004, expected the Basel II can render service to the whole financial industry. Now the policies of Risk-based Capital (RBC) in U.S. had tried to cover all respects of insurance industries, therefore the IAIS seems limited to adjust on risk weight. According to the announcement of the Basel II, the most noticeable progress is the individual company had established its own International Rating Based Approach (IRB), which goes with the points of management of VaR. Thereupon if the new international policy leads into Taiwan in the future, there will be a double impact on the high expense of information system and the measurement radical capital. The insurance companies in Taiwan generally refer to the RBC on the risk management of Insurance, but they make some adjustment to fit the condition of the country, it totally doesn’t match the rules of RBC. This research is under the questionnaire of property insurer in Taiwan, and analyzes the interviewee’s opinions for the new policy. The research includes not only the conclusion, but making proposal of practical management and the development in the future for property insurance.